Income Statement
Balance Sheet
Cash Flow
| Line Item | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|
| Total Revenue | 41.0M | 45.8M | 31.0M |
| Operating Revenue | 41.0M | 45.8M | 31.0M |
| Cost Of Revenue | 22.9M | 23.9M | 16.1M |
| Gross Profit | 18.1M | 21.9M | 14.9M |
| Selling General And Administration | 22.7M | 27.3M | 27.6M |
| General And Administrative Expense | 22.7M | 27.3M | 27.6M |
| Research And Development | 679,589 | 734,115 | 1.1M |
| Depreciation And Amortization In Income Statement | 5.3M | 6.1M | 4.6M |
| Operating Expense | 28.7M | 34.1M | 33.3M |
| Operating Income | -10.6M | -12.2M | -18.4M |
| EBIT | -11.7M | -7.0M | -16.4M |
| Interest Expense | 2.8M | 2.3M | 2.3M |
| Interest Expense Non Operating | 2.8M | 2.3M | 2.3M |
| Net Interest Income | -2.8M | -2.3M | -2.3M |
| Other Income Expense | -1.1M | 5.2M | 2.0M |
| Other Non Operating Income Expenses | 26,248 | 1,291 | 12,003 |
| Special Income Charges | -1.1M | -1.6M | -639,867 |
| Restructuring And Mergern Acquisition | 393,481 | 836,518 | 639,867 |
| Gain On Sale Of Security | 14,609 | 6.8M | 2.6M |
| Pretax Income | -14.5M | -9.3M | -18.7M |
| Tax Provision | -169,164 | -609,621 | 943,727 |
| Tax Effect Of Unusual Items | -12,669 | 338,270 | 523,861 |
| Net Income From Continuing And Discontinued Operation | -14.3M | -8.7M | -19.7M |
| Net Income From Continuing Operation Net Minority Interest | -14.3M | -8.7M | -19.7M |
| Net Income Including Noncontrolling Interests | -14.3M | -8.7M | -19.7M |
| Net Income Common Stockholders | -14.3M | -8.7M | -19.7M |
| Net Income | -14.3M | -8.7M | -19.7M |
| EBITDA | -6.3M | -943,621 | -11.8M |
| Normalized EBITDA | -5.2M | -6.1M | -13.8M |
| Reconciled Depreciation | 5.3M | 6.1M | 4.6M |
| Basic EPS | -0.38 | -0.28 | -0.74 |
| Diluted EPS | -0.38 | -0.28 | -0.74 |
| Basic Average Shares | 37.3M | 31.6M | 26.4M |
| Diluted Average Shares | 37.3M | 31.6M | 26.4M |
| Total Unusual Items | -1.1M | 5.2M | 2.0M |
| Total Unusual Items Excluding Goodwill | -1.1M | 5.2M | 2.0M |
| Tax Rate For Calcs | 0.01 | 0.07 | 0.27 |
| Normalized Income | -13.3M | -13.5M | -21.1M |
| Amortization | 4.6M | 5.5M | 4.4M |
| Amortization Of Intangibles Income Statement | 4.6M | 5.5M | 4.4M |
| Depreciation Amortization Depletion Income Statement | 5.3M | 6.1M | 4.6M |
| Depreciation Income Statement | 795,104 | 579,249 | 257,099 |
| Diluted NI Availto Com Stockholders | -14.3M | -8.7M | -19.7M |
| Impairment Of Capital Assets | 157,464 | 15,246 | 0.00 |
| Net Income Continuous Operations | -14.3M | -8.7M | -19.7M |
| Net Non Operating Interest Income Expense | -2.8M | -2.3M | -2.3M |
| Other Gand A | 21.7M | 24.5M | 19.1M |
| Other Special Charges | 549,646 | 747,865 | -- |
| Reconciled Cost Of Revenue | 22.9M | 23.9M | 16.1M |
| Salaries And Wages | 955,571 | 2.8M | 8.5M |
| Total Expenses | 51.6M | 58.0M | 49.5M |
| Line Item | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|
| Cash And Cash Equivalents | 1.6M | 1.7M | 10.6M |
| Cash Cash Equivalents And Short Term Investments | 1.6M | 1.7M | 10.6M |
| Cash Financial | 1.6M | 1.7M | 10.6M |
| Accounts Receivable | 4.3M | 5.0M | 4.4M |
| Receivables | 4.4M | 5.4M | 5.6M |
| Inventory | 29,146 | 37,807 | 49,557 |
| Prepaid Assets | 1.6M | 2.1M | 2.1M |
| Current Assets | 7.7M | 9.2M | 18.3M |
| Gross PPE | 5.3M | 5.3M | 4.3M |
| Accumulated Depreciation | -3.7M | -2.8M | -2.7M |
| Net PPE | 1.7M | 2.5M | 1.6M |
| Goodwill | 12.1M | 12.0M | 12.4M |
| Goodwill And Other Intangible Assets | 20.2M | 22.8M | 27.4M |
| Other Intangible Assets | 8.1M | 10.7M | 14.9M |
| Other Non Current Assets | 185,655 | 463,743 | 303,945 |
| Total Non Current Assets | 22.0M | 26.4M | 29.7M |
| Total Assets | 29.7M | 35.5M | 48.0M |
| Current Debt | 19,812 | 8.6M | 1.1M |
| Current Debt And Capital Lease Obligation | 503,174 | 9.1M | 1.4M |
| Accounts Payable | 6.3M | 5.9M | 5.7M |
| Payables | 6.3M | 6.0M | 5.8M |
| Payables And Accrued Expenses | 6.3M | 6.0M | 5.8M |
| Current Deferred Revenue | 1.8M | 1.7M | 1.0M |
| Other Current Liabilities | 188,042 | 290,712 | 1.9M |
| Current Liabilities | 8.9M | 17.2M | 10.6M |
| Long Term Debt | 13.2M | 19,812 | 12.0M |
| Long Term Debt And Capital Lease Obligation | 13.5M | 738,387 | 12.9M |
| Long Term Capital Lease Obligation | 220,750 | 718,575 | 900,868 |
| Other Non Current Liabilities | 1.2M | 1.1M | 1.2M |
| Total Non Current Liabilities Net Minority Interest | 14.6M | 2.7M | 15.3M |
| Total Liabilities Net Minority Interest | 23.5M | 19.9M | 25.9M |
| Common Stock | 76.2M | 74.7M | 72.2M |
| Capital Stock | 76.2M | 74.7M | 72.2M |
| Additional Paid In Capital | 8.7M | 5.9M | 4.8M |
| Retained Earnings | -78.1M | -63.7M | -55.0M |
| Gains Losses Not Affecting Retained Earnings | -670,788 | -1.2M | 74,526 |
| Other Equity Adjustments | -670,788 | -1.2M | 74,526 |
| Common Stock Equity | 6.2M | 15.6M | 22.1M |
| Stockholders Equity | 6.2M | 15.6M | 22.1M |
| Total Equity Gross Minority Interest | 6.2M | 15.6M | 22.1M |
| Total Capitalization | 19.4M | 15.7M | 34.1M |
| Net Tangible Assets | -14.0M | -7.1M | -5.3M |
| Tangible Book Value | -14.0M | -7.1M | -5.3M |
| Working Capital | -1.2M | -8.0M | 7.7M |
| Invested Capital | 19.4M | 24.3M | 35.2M |
| Total Debt | 14.0M | 9.9M | 14.3M |
| Net Debt | 11.6M | 7.0M | 2.5M |
| Share Issued | 41.0M | 34.6M | 29.9M |
| Ordinary Shares Number | 41.0M | 34.6M | 29.9M |
| Buildings And Improvements | 2.0M | 2.0M | 2.1M |
| Capital Lease Obligations | 704,112 | 1.2M | 1.2M |
| Current Capital Lease Obligation | 483,362 | 487,673 | 287,901 |
| Current Deferred Liabilities | 1.8M | 1.7M | 1.0M |
| Current Notes Payable | 0.00 | 0.00 | 114,269 |
| Gross Accounts Receivable | 4.3M | 5.0M | 4.4M |
| Income Tax Payable | 59,044 | 45,212 | 97,784 |
| Machinery Furniture Equipment | 3.3M | 3.2M | 2.1M |
| Non Current Deferred Assets | 0.00 | 655,004 | 464,800 |
| Non Current Deferred Liabilities | 0.00 | 868,643 | 1.2M |
| Non Current Deferred Revenue | -- | -- | 0.00 |
| Non Current Deferred Taxes Assets | 0.00 | 655,004 | 464,800 |
| Non Current Deferred Taxes Liabilities | 0.00 | 868,643 | 1.2M |
| Other Current Borrowings | 19,812 | 8.6M | 995,444 |
| Other Properties | 64,411 | 64,386 | 75,169 |
| Other Receivables | 670,872 | 634,226 | 1.5M |
| Pensionand Other Post Retirement Benefit Plans Current | 25,246 | 31,487 | 551,201 |
| Properties | 0.00 | 0.00 | 0.00 |
| Receivables Adjustments Allowances | -697,800 | -399,470 | -316,202 |
| Taxes Receivable | 112,083 | 219,029 | 0.00 |
| Total Tax Payable | 59,044 | 45,212 | 97,784 |
| Line Item | FY 2023Dec 31, 2023 | FY 2022Dec 31, 2022 | FY 2021Dec 31, 2021 |
|---|---|---|---|
| Operating Cash Flow | -2.8M | -2.3M | -8.2M |
| Cash Flow From Continuing Operating Activities | -2.8M | -2.3M | -8.2M |
| Depreciation And Amortization | 5.3M | 6.1M | 4.6M |
| Depreciation Amortization Depletion | 5.3M | 6.1M | 4.6M |
| Stock Based Compensation | 955,571 | 2.8M | 8.5M |
| Deferred Tax | -169,164 | -609,621 | 943,727 |
| Deferred Income Tax | -169,164 | -609,621 | 943,727 |
| Change In Working Capital | 1.9M | 1.4M | -2.0M |
| Changes In Account Receivables | 951,526 | 72,230 | -- |
| Change In Receivables | 1.1M | -32,440 | 1.2M |
| Change In Inventory | 8,661 | 11,750 | -176.00 |
| Change In Payables And Accrued Expense | 106,736 | 669,427 | -1.2M |
| Change In Payable | 106,736 | 669,427 | -1.2M |
| Change In Other Working Capital | 63,588 | 742,228 | -381,596 |
| Other Non Cash Items | 2.8M | 2.4M | 2.0M |
| Capital Expenditure | -2.0M | -3.0M | -2.4M |
| Purchase Of PPE | -25,792 | -1.2M | -79,204 |
| Net PPE Purchase And Sale | -25,792 | -1.2M | -79,204 |
| Purchase Of Business | 0.00 | -298,927 | -9.1M |
| Investing Cash Flow | -2.2M | -4.1M | -14.4M |
| Cash Flow From Continuing Investing Activities | -2.2M | -4.1M | -14.4M |
| Issuance Of Debt | 13.9M | 0.00 | 0.00 |
| Repayment Of Debt | -9.1M | -5.0M | -1.2M |
| Net Issuance Payments Of Debt | 4.8M | -5.0M | -1.2M |
| Issuance Of Capital Stock | 1.7M | 4.1M | 16.7M |
| Net Common Stock Issuance | 1.7M | 4.1M | 16.7M |
| Financing Cash Flow | 5.0M | -2.4M | 16.5M |
| Cash Flow From Continuing Financing Activities | 5.0M | -2.4M | 16.5M |
| Effect Of Exchange Rate Changes | 10,079 | -112,206 | -95,012 |
| Changes In Cash | -45,872 | -8.8M | -6.2M |
| Beginning Cash Position | 1.7M | 10.6M | 16.8M |
| End Cash Position | 1.6M | 1.7M | 10.6M |
| Free Cash Flow | -4.8M | -5.4M | -10.7M |
| Interest Paid Supplemental Data | 1.6M | 1.2M | 1.3M |
| Amortization Cash Flow | 4.6M | 5.5M | 4.4M |
| Amortization Of Intangibles | 4.6M | 5.5M | 4.4M |
| Asset Impairment Charge | 157,464 | 15,246 | 0.00 |
| Cash Dividends Paid | 0.00 | 0.00 | 0.00 |
| Change In Account Payable | 106,736 | 669,427 | -1.2M |
| Change In Prepaid Assets | 636,160 | 4,132 | -1.6M |
| Common Stock Issuance | 1.7M | 4.1M | 16.7M |
| Depreciation | 795,104 | 579,249 | 257,099 |
| Gain Loss On Investment Securities | -581,139 | -6.3M | -2.6M |
| Interest Paid Cff | -1.6M | -1.2M | -1.3M |
| Long Term Debt Issuance | 13.9M | 0.00 | 0.00 |
| Long Term Debt Payments | -9.1M | -5.0M | -1.2M |
| Net Business Purchase And Sale | 0.00 | -298,927 | -9.1M |
| Net Foreign Currency Exchange Gain Loss | 594,523 | -91,878 | 161,380 |
| Net Income From Continuing Operations | -14.3M | -8.7M | -19.7M |
| Net Intangibles Purchase And Sale | -2.0M | -1.8M | -2.4M |
| Net Long Term Debt Issuance | 4.8M | -5.0M | -1.2M |
| Net Other Financing Charges | -- | -239,880 | 1,673 |
| Net Other Investing Changes | -241,135 | -773,666 | -2.9M |
| Operating Gains Losses | 563,030 | -5.7M | -2.5M |
| Proceeds From Stock Option Exercised | -- | 0.00 | 2.3M |
| Purchase Of Intangibles | -2.0M | -1.8M | -2.4M |
| Taxes Refund Paid | -- | 0.00 | -113,853 |